In Q1 2025, Shell reported a significant decline in adjusted earnings, down 27.9% to $5.58 billion. This decrease was partly due to a £382 million charge related to the UK energy profits levy. CEO Wael Sawan highlighted that despite lower profits, Shell completed crucial acquisitions and divestments, enhancing its liquefied natural gas sector and portfolio. The company remains committed to its strategic goals, announcing a $3.5 billion share buyback aligned with its plans set out earlier in the year.
Shell delivered another solid set of results in the first quarter of 2025, despite adjusted earnings falling by 27.9% due to external charges and ongoing investments.
Our strong performance and resilient balance sheet give us the confidence to commence another 3.5 billion dollars of buybacks for the next three months.
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